Thursday, Sep 10, 2009
Don't buy the dips
Forbes: Forget Housing, Says Bill Gross
The manager of the world’s largest bond fund at Pacific Investment Management Co., Gross argues that homeownership is on the wane because Americans are developing a habit of saving and will no longer trust their houses to play piggy-bank. The new world will be characterized by “delevering, deglobalization, and regulation” – that is, shedding debt.
Posted by mountain goat @ 10:42 PM (295 views) Add Comment
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